Flutter Entertainment (NYSE:FLUT) is one of the best upside stocks to buy now. On November 28, Citi analyst Ben Shelley lowered the firm’s price target on Flutter Entertainment to $320 from $340 with a Buy rating on the shares. This sentiment was announced as Citi stated that the uncertainty surrounding a potential UK tax increase acted as a significant overhang on Flutter’s equity for almost 4 months. Although the actual UK tax hike is more substantial than initially anticipated, Shelley believes that this period of uncertainty has now been alleviated for Flutter, allowing the focus on the company’s future to move on.
Earlier this month, Flutter Entertainment reported its Q3 2025 earnings, where the company reported making $3.79 billion in quarterly revenue, which was a 16.84% year-over-year increase and also surpassed guidance by $12.75 million. At the same time, the company also earned $1.64 per share, which crossed Street estimates by $1.14.
However, revenue growth was uneven across the company’s segments. International revenue grew by 21% year-over-year, with acquisitions contributing 18 percentage points to this increase, alongside strong organic growth in markets like Turkey and Italy. US revenue increased by 9%, though this was a mixed result: iGaming revenue soared 44%, but this was offset by a 5% decline in sportsbook revenue. The decline in sportsbook revenue was largely due to customer-friendly sports results and heightened competitive generosity from rivals at the start of the NFL season.
Flutter Entertainment (NYSE:FLUT) operates as a sports betting and gaming company in the US, the UK, Ireland, Australia, Italy, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
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‘ Some details of this article were extracted from the following source uk.finance.yahoo.com ’
